HeadStart

Features:

• An excellent beginning
  HeadStart gives you the opportunity of opening a Statement Savings Account for your child. For balances in excess of JOD 5,000, Time Deposits can also be an option.
  The account will be opened in the name of your child, but you as a parent/guardian will retain full control of the account. There are no minimum balance requirements or service charges for this account.
• Interest to build on
  HeadStart offers an attractive interest rate for credit balances of JOD 100* and above. The interest will be calculated on the minimum balance of the month and will be credited to the account every month. The higher the balance, the higher the returns. Furthermore, should you decide to restrict withdrawals from your child’s Savings Account (blocked accounts), a higher interest rate will be applicable.
• Regular savings option
  If you wish to pay a regular amount every month into your child’s HeadStart Account, an automatic transfer instruction will be set up free of charge from your account with us.
  
• Free ATM card
  Your child can also receive personalised ‘deposit only’ ATM card free of charge. This card will enable them to deposit cash directly into their HeadStart account through any of the HSBC ATM’s in Jordan.
• Special welcome gifts for your children
  Your children will receive exciting gifts on account opening. Additionally, children will get a free attractive savings box – a safe place to keep their money until it’s time to deposit it into the account.
• Investing for a Bright Future
  HeadStart offers an excellent investment option that enables you to invest for your children’s future. You can either choose to invest on a regular basis with a minimum of USD250 per month or alternatively a one off lump sum amount of USD5,000 and thereafter you can add to your initial investment whenever you want***.
  So give yourself the peace of mind you deserve and start a promising future for your children, today.

* No interest will be paid on balances below JOD100.
** Subject to a minimum monthly transfer of JOD25 for a minimum period of three consecutive months prior to raffle draw date.
*** This is not an invitation or solicitation to purchase or subscribe for investments. We would like to bring to your notice that, as with any investment where underlying investments are stocks and shares, the price of the unit fund or product and income may fall below the original investment. This may also happen due to exchange rates. While we do provide our expert guidance, past performance cannot necessarily be an indication of future performance.   

To discover more about HeadStart Account, please e-mail us, call 0800 22044 or visit your nearest branch.